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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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Inventory Management — Everything You Should Know

Procurement Tactics

It keeps track of inventory from the time it is purchased until it is sold to customers. This helps companies ensure they always have enough stock to meet customer demands and warns them if they are running low. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

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What is the Digital Supply Chain?

Supply Chain Game Changer

Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand. Visibility to where goods were was largely limited to updates that came over the phone.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS providers typically use advanced technologies like artificial intelligence, machine learning, and blockchain to improve visibility, traceability, and collaboration across the supply chain.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Strategic planning–often for 3-5 years out–creates the initiatives to realize the vision (the What) as well as to promote the values and behaviors to display (the How). The budget, or annual operating plan, is normally the first year of the strategy.

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Shortage vs. Surplus: Causes and Definitions

Finale Inventory

Manufacturing interruptions, delivery issues and changes in demand are some of the potential causes that are difficult to predict. Causes like supply management, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Planning Ahead.

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S&OP, a vision for the future. The expert interview series #4

Supply Chain Trend

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. This operating model included order to cash, make to demand, purchase to pay, finance and planning processes.